From 1 January 2021 all premium listed companies have been mandated by the Government to report on their climate risk exposure, in line with the Task Force on Climate related Financial Disclosures (TCFD) recommendations. This will roll out to all UK companies by 2025.
The Government has recognised that every business is exposed to varying degrees of both physical and transitional climate risk. That considered, there is huge opportunity for businesses that are able to turn these risks to their strategic advantage.
Our TCFD readiness review compares your current business status against the disclosure requirements and what your peers are doing. The benefits of our approach are that it:
Our KPMG process follows three steps:
KPMG's Climate Risk & Decarbonisation Strategy team are speaking to multiple FTSE listed companies each week as they grapple with the implications of meeting the requirements of the TCFD disclosures.
To tackle the requirement, companies need to take three key steps:
Our recommendation is to start with a TCFD readiness review. This is a first step in considering Climate Risk as a component of your strategic planning